Welcome to Markets Desk, here's what's moving right now.
Intel shares are getting hammered in extended trading, off more than twenty percent after the chipmaker delivered a fourth-quarter forecast that fell well short of expectations. The company warned that weakness in the PC market could stretch into twenty twenty seven, and while data center demand provided some cushion in the third quarter, investors are clearly focused on what comes next.
Shifting to the agricultural complex, wheat futures found their footing Thursday on reports of strong export business hitting a marketing year high, alongside rumors of Chinese buying interest. Chicago soft red winter contracts closed up as much as nearly five cents, with Kansas City and Minneapolis contracts also posting modest gains. Export demand remains the key catalyst traders are watching.
And on the political front, a pattern is emerging globally that's drawing scrutiny in financial and policy circles. Leaders aligned with President Trump have been losing elections abroad, raising real questions about the durability of his influence over right-leaning governments worldwide. For markets, that matters because trade relationships, tariff postures, and diplomatic alignments all carry economic weight.
That's the tape. Markets Desk, signing off the floor.
